Welcome to our dedicated page for Ncs Multistage Hldgs news (Ticker: NCSM), a resource for investors and traders seeking the latest updates and insights on Ncs Multistage Hldgs stock.
NCS Multistage Holdings, Inc. provides engineered products and support services for oil and natural gas well construction, well completions and field development. Its products and services are used by exploration and production companies in onshore and offshore wells, including horizontal wells in unconventional and conventional formations.
Company news commonly covers quarterly results, North American and selected international activity, fracturing systems, wellbore construction products, tracer diagnostics, Repeat Precision adoption, and ResMetrics integration. Updates also discuss regional demand in Canada, the United States, the North Sea, the Middle East and Argentina, as well as cash flow, liquidity, capital allocation and product development such as composite and dissolvable frac plugs.
NCS Multistage Holdings, Inc. (NASDAQ:NCSM) announced a significant legal victory, as a Texas jury upheld the validity of its patent (U.S. Patent No. 10,465,445) related to the AirLock® casing buoyancy system, awarding NCS approximately $1.9 million in damages for patent infringement by TCO AS. CEO Robert Nipper emphasized the importance of this unanimous verdict in protecting their technology and its value. NCS boasts a portfolio of over 100 patents, reflecting its commitment to innovation in oil and gas well optimization.
NCS Multistage Holdings (NASDAQ:NCSM) will participate in the EnerCom Denver investor conference on August 9, 2022, at 2:20 p.m. Mountain time. CEO Robert Nipper and CFO Ryan Hummer are scheduled to present. A webcast will be made available on the company's website during and for 90 days post-event. NCS specializes in providing engineered products and services for oil and natural gas well construction and completions, serving both onshore and offshore operations across North America and select international markets.
NCS Multistage Holdings, Inc. (NCSM) reported a 28% revenue increase to $27.5 million for Q2 2022, driven by higher sales in North America despite a 30% decrease from Q1 2022. Net loss was $(5.5) million or $(2.25) per diluted share, with an adjusted EBITDA of $(2.0) million. Cash on hand stood at $14.9 million against total debt of $8.2 million. The company anticipates revenue growth in all regions for Q3, influenced by favorable drilling activities and commodity prices, although inflation and potential demand declines pose risks.
NCS Multistage Holdings, Inc. (Nasdaq: NCSM) announced the retirement of its founder and CEO, Robert Nipper, effective November 1, 2022. He will remain on the Board of Directors. Ryan Hummer, currently CFO, has been appointed as the new CEO and will join the Board as a Class II director. The transition is described as a result of thorough succession planning, with Hummer being viewed as a capable successor. NCS Multistage provides engineered products and services for oil and gas well construction and operates in various international markets.
NCS Multistage Holdings, Inc. (NASDAQ:NCSM) will host a conference call on August 2, 2022, at 7:30 a.m. CT to discuss its Q2 2022 results. The earnings release will be published the evening before. Interested participants can register to ask questions or join a listen-only webcast. NCS specializes in highly engineered products and support services for oil and natural gas well construction and completions across North America and select international markets including Argentina and the Middle East.
NCS Multistage Holdings, Inc. (NCSM) reported first quarter 2022 revenues of $39.1 million, marking a 37% increase year-over-year and 8% sequentially. The net loss improved to $(1.5) million, from $(3.4) million in Q1 2021. Adjusted EBITDA hit $2.3 million, a significant increase from $0.1 million a year prior. As of March 31, 2022, NCSM held $15.5 million in cash and $8.0 million in total debt. The company acknowledges challenges due to inflation and decreasing activity in some markets but remains optimistic about future growth in 2022.
NCS Multistage Holdings, Inc. (NASDAQ: NCSM) will host a conference call on May 6, 2022, at 7:30 a.m. CT to discuss its first quarter 2022 results. The earnings release will be available the evening prior. Interested participants can join the call by dialing (866) 374-5140 in the U.S. or (404) 400-0571 internationally, with the access code 40658981#. A live webcast will also be accessible via the company's website. NCS provides engineered products and services for oil and gas well optimization across North America and selected international markets.
NCS Multistage Holdings, Inc. (NCSM) reported fourth quarter 2021 revenues of $36.1 million, reflecting a 32% year-over-year increase. Net income for the quarter was $1.7 million with earnings per diluted share of $0.68, down from $8.6 million in Q4 2020. Adjusted EBITDA improved to $6.5 million. For the full year, total revenues reached $118.5 million, an 11% increase from 2020, and the net loss narrowed to $(4.7) million. The company ended 2021 with $22.2 million in cash and $7.8 million in total debt, positioning itself for future growth.
NCS Multistage Holdings, Inc. (NASDAQ:NCSM) will hold a conference call on March 8, 2022, at 7:30 a.m. CT (8:30 a.m. ET) to discuss its fourth quarter and full year 2021 results. The earnings release will be issued the evening before. Participants can join the call by dialing (844) 400-1696 in the U.S. or (703) 736-7385 internationally, using access code 6083399. An audio replay will be available for seven days post-conference. NCS Multistage is a leader in oil and gas well completion services across North America and select international markets.
NCS Multistage Holdings announced a significant legal victory against Nine Energy Service, as a jury found that Nine's BreakThru casing flotation device infringed on NCS's patent (U.S. Patent No. 10,465,445). The jury awarded NCS approximately $486,000 in damages, covering the infringement period from the patent issue date, November 5, 2019, to the trial conclusion. CEO Robert Nipper emphasized the importance of protecting innovations and the value of their technology portfolio, which comprises over 100 patents. This ruling highlights NCS's commitment to advancing efficiency and environmental responsibility in the oil and gas sector.